NGC 2537 belongs to the iE class ofBlue Compact Dwarf (BCD) classification, which is described as galactic spectra with an underlying smooth elliptical Low Surface Brightness component with a superimposed "knotted" star formation component (Gil de Paz et al., 2000, Page 378 Astron. Astrophys. Suppl. Ser. 145).
NGC 2537 was long thought to be possibly interacting withIC 2233. However, even though they may lie at the same distance, neither display the hallmarks of a mutual interaction.[4]